Mexico Offers €750 Million Bond

Deal Is Longest Maturity
For Euro-Based Debt Ever
By a Latin American Nation

By

Mike Esterl Dow Jones Newswires

Updated Nov. 16, 2004 12:01 a.m. ET

NEW YORK -- Risk premiums of emerging-market bonds flirted with their narrowest levels in about seven years, setting a favorable backdrop for what underwriters said was the longest maturity euro-denominated debt deal ever by a Latin American nation.

The offering, by investment-grade-rated Mexico, totaled &euro;750 million ($974 million) due in February 2020.